INSW VP reports RSU vesting and tax withholding
International Seaways, Inc. reported that Vice President & Controller Oshodi Adewale had 1,134 restricted stock units vest on March 12, 2026 under the company’s 2020 Management Incentive Compensation Plan.
Rhea-AI Filing Summary
International Seaways, Inc. reported that Vice President & Controller Oshodi Adewale had 1,134 restricted stock units vest on March 12, 2026 under the company’s 2020 Management Incentive Compensation Plan. These units were settled in 1,134 shares of Common Stock.
To cover the resulting tax liability, 550 Common shares were withheld by International Seaways, Inc., rather than sold in the market. Following these routine compensation-related transactions, Adewale directly holds 11,820 shares of Common Stock and 2,268 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,134 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 1,134 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 550 | $0.00 | $0.00 |
Footnotes (2)
- F1. These 1,134 shares of Common Stock are being acquired in connection with the vesting of 1,134 restricted stock units on March 12, 2026 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units 550 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
- F2. These 1,134 restricted stock units vested on March 12, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
What insider activity did the INSW Form 4 report for Oshodi Adewale?
How many International Seaways (INSW) RSUs vested for Oshodi Adewale?
Is the tax withholding in the INSW Form 4 an open-market sale?
What does transaction code D mean in the INSW Form 4 for RSUs?
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